Racing Force SpA (MIL:RFG) Days Inventory : 436.58 (As of Dec. 2023)

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What is Racing Force SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Racing Force SpA's Average Total Inventories for the six months ended in Dec. 2023 was €23.44 Mil. Racing Force SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €9.80 Mil. Hence, Racing Force SpA's Days Inventory for the six months ended in Dec. 2023 was 436.58.

The historical rank and industry rank for Racing Force SpA's Days Inventory or its related term are showing as below:

MIL:RFG' s Days Inventory Range Over the Past 10 Years
Min: 243.62 Med: 301.32 Max: 355.13
Current: 347.15

During the past 4 years, Racing Force SpA's highest Days Inventory was 355.13. The lowest was 243.62. And the median was 301.32.

MIL:RFG's Days Inventory is ranked worse than
92.27% of 673 companies
in the Travel & Leisure industry
Industry Median: 35.06 vs MIL:RFG: 347.15

Racing Force SpA's Days Inventory increased from Dec. 2022 (358.66) to Dec. 2023 (436.58). It might indicate that Racing Force SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Racing Force SpA's Inventory Turnover for the six months ended in Dec. 2023 was 0.42.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Racing Force SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.92.

Racing Force SpA Days Inventory Historical Data

The historical data trend for Racing Force SpA's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Racing Force SpA Days Inventory Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

302.70

243.62

299.93

355.13

Racing Force SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			257.75	223.92	358.66	278.69	436.58

Competitive Comparison of Racing Force SpA's Days Inventory

For the Leisure subindustry, Racing Force SpA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Racing Force SpA's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Racing Force SpA's Days Inventory falls into.

Racing Force SpA Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Racing Force SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (21.591	+	25.101)	/	2 )	/	23.995	*	365
=	23.346					/	23.995	*	365
=	355.13

Racing Force SpA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.772	+	25.101)	/	2 )	/	9.797	*	365 / 2
=	23.4365					/	9.797	*	365 / 2
=	436.58

Racing Force SpA (MIL:RFG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Racing Force SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.797	/	23.4365
	=	0.42

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Racing Force SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.4365	/	25.452
	=	0.92

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Racing Force SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of Racing Force SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Racing Force SpA (MIL:RFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (MIL:RFG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ALRFG:France

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.